YETI (NYSE:YETI) Sets New 1-Year High – Here’s Why

YETI Holdings, Inc. (NYSE:YETI) shares hit a new 52-week high on Friday . The stock traded as high as $52.38 and last traded at $52.2240, with a volume of 96698 shares trading hands. The stock had previously closed at $51.06.

Analyst Ratings Changes

Several analysts have commented on YETI shares. Weiss Ratings downgraded shares of YETI from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. UBS Group raised their price target on shares of YETI from $45.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday. Canaccord Genuity Group lifted their price objective on shares of YETI from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Tuesday, June 23rd. Stifel Nicolaus set a $42.00 price objective on shares of YETI in a report on Friday, May 15th. Finally, Morgan Stanley set a $45.00 price objective on shares of YETI in a report on Tuesday, June 23rd. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $51.33.

YETI Stock Up 0.2%

The stock has a market cap of $3.87 billion, a P/E ratio of 26.09, a PEG ratio of 1.61 and a beta of 1.73. The company has a quick ratio of 1.06, a current ratio of 2.10 and a debt-to-equity ratio of 0.10. The business has a 50-day simple moving average of $47.28 and a 200-day simple moving average of $44.33.

YETI (NYSE:YETI) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.09. The company had revenue of $380.41 million for the quarter, compared to analyst estimates of $374.73 million. YETI had a net margin of 8.36% and a return on equity of 22.61%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 earnings per share. YETI has set its FY 2026 guidance at 2.830-2.890 EPS. Analysts expect that YETI Holdings, Inc. will post 2.44 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of YETI. Handelsbanken Fonder AB boosted its holdings in YETI by 165.5% during the second quarter. Handelsbanken Fonder AB now owns 482,858 shares of the company’s stock valued at $23,930,000 after acquiring an additional 300,958 shares during the period. Reinhart Partners LLC. grew its position in shares of YETI by 5.1% in the second quarter. Reinhart Partners LLC. now owns 3,277,296 shares of the company’s stock valued at $162,423,000 after purchasing an additional 158,957 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of YETI by 4.3% in the second quarter. GAMMA Investing LLC now owns 5,113 shares of the company’s stock worth $253,000 after purchasing an additional 211 shares during the period. Versant Capital Management Inc increased its stake in shares of YETI by 19.0% in the second quarter. Versant Capital Management Inc now owns 16,078 shares of the company’s stock worth $797,000 after purchasing an additional 2,567 shares during the period. Finally, Redwood Investment Management LLC increased its stake in shares of YETI by 14.8% in the first quarter. Redwood Investment Management LLC now owns 28,707 shares of the company’s stock worth $1,050,000 after purchasing an additional 3,708 shares during the period.

About YETI

YETI Holdings, Inc is an American outdoor and lifestyle products company known for its premium, performance-driven coolers, drinkware and accessories. The company’s portfolio includes hard coolers under its flagship Tundra series, soft coolers in the Hopper line, and vacuum-insulated drinkware sold under the Rambler brand. YETI’s products are engineered for durability, temperature retention and rugged outdoor use, targeting consumers ranging from avid anglers and hunters to outdoor enthusiasts and everyday users seeking high-quality insulated containers.

Founded in 2006 by brothers Roy and Ryan Seiders in Austin, Texas, YETI began with a focus on building a better cooler that could withstand extreme conditions and maintain ice retention longer than traditional alternatives.